Jupiter Topco LLC Purchases Shares of 133,585 Archrock, Inc. $AROC

Jupiter Topco LLC acquired a new stake in Archrock, Inc. (NYSE:AROC) in the 2nd quarter, Holdings Channel reports. The firm acquired 133,585 shares of the energy company’s stock, valued at approximately $5,439,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valued Wealth Advisors LLC purchased a new stake in shares of Archrock during the first quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Archrock during the 4th quarter worth approximately $27,000. Summit Securities Group LLC acquired a new position in Archrock during the 1st quarter worth approximately $36,000. Jones Financial Companies Lllp increased its position in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Archrock in the 2nd quarter valued at $56,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Up 0.5%

Shares of NYSE:AROC opened at $31.41 on Tuesday. The company has a market capitalization of $5.51 billion, a PE ratio of 16.89, a P/E/G ratio of 1.51 and a beta of 0.86. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51. Archrock, Inc. has a twelve month low of $22.88 and a twelve month high of $42.23. The firm has a 50 day simple moving average of $35.80 and a 200-day simple moving average of $35.80.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $371.24 million during the quarter, compared to analysts’ expectations of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, equities analysts predict that Archrock, Inc. will post 1.73 EPS for the current fiscal year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were paid a $0.23 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, August 4th. Archrock’s payout ratio is currently 49.46%.

Analyst Ratings Changes

AROC has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their target price on shares of Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. Citigroup lifted their price target on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Mizuho upped their price objective on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Stifel Nicolaus set a $41.00 price objective on Archrock in a research report on Thursday, May 7th. Finally, Evercore set a $40.00 price objective on Archrock in a report on Monday, August 17th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Archrock Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.